$BTC
Will Bitcoin Halving 2024 Increase BTC Price?
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As the leading cryptocurrency by market cap and one of the most valuable tokens, Bitcoin's halving could cause significant fluctuations in the price of BTC and affect overall market sentiment. As of March, the net asset value of bitcoin ETFs exceeded $50 billion, with BlackRock's IBIT holding nearly 200,000 BTC, surpassing MicroStrategy's 193,000 BTC. ETF flows could tighten the limited supply of Bitcoin, potentially driving up its price due to increased demand against a backdrop of scarcity. According to the Bitcoin Stock-to-Flow (S2F) model, the price of Bitcoin could exceed $400,000 in a year after the upcoming halving.
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However, although each halving block reduces the reward, past price performance is no guarantee of BTC's future price performance.
